Begins right now. Good morning again, everybody. Welcome back to squawk box here on cnbc first in business worldwide. Im becky quick with brian sullivan. Joe and andrew are off today. General motors have announced new recalls with an ignition lock. The number is a relatively small 83,000 vehicles. But it comes after their record year of recalls in 2014. Elon musk and his wife are divorcing for a second time. They first married in 2010. They divorced in 2012 and remarried in 2013. And a total of 30 bodies have been recovered from the crash of the airasia flight last weekend. The year is starting off with a loss. Former political icon mario cuomo has died at the age of 82. Cuomo served as the empire states governor for three terms from 1983 to 1994. Some democrats did push him to run for president. He died just hours after his son andrew cuomo was sworn into his second term as new york governor. The averages closing out 2014 with gains and multiyear winning streaks. Ended with a gain of
The tech giant accounting for 10 of the move down in the blue chip index and joe you were right. Not yet. As it goes. So goes apple, so goes the market, right . Not just that but made very little headway since it was put into the dow. The dow made little headway and apple made little headway. Theyre joined at the hip at this point. Our fortunes are tied with tim cook. Hopefully he knows what hes doing there. My point to you that you sneered at about exxon, exxon was able making 10 billion every quarter. They were going to make 10 billion every quarter for the rest of he certainty. Then suddenly they were making 5 billion so suddenly that price. Makes sense. Thats what worries me. Apple is a Great Company with great stuff but their comps year after year to grow its huge. Its 56 billion in revenue in a quarter. But at this point they are on track for some of this stuff. It was up from the year before. If theyre continuing to grow it should be above what is it . Still 7 is goith tong to g
Modest growth as new initiatives in mobile and other areas kick in. The stock went slightly crazy, got a huge boost after alibaba rolled its results. Forget what is happening at yahoo at this point. Its almost insignificant at this point. Yahoo owns 24 of the chinese ecommerce alibaba. They made more than double the amount they made for the same period a year ago. Revenue jumping 66 to 3. 1 billion. Alibaba plans to file paperwork as early as next week, thats what everyone is excited about, about this potential ipo offering on an american exchange. They are debating whether theyll go with the nasdaq or the new york stock exchange. The sale could be the largest ipo in American History if the companys valuation could reach, what some people are saying could be as high as 200 billion. Jerry yang of yahoo always gets a hard time because he is he the one that made this investment. People thought he screwed yahoo up forever. God bless jerry yang. He saved this company. Marissa meyer should t
Turkeys central bank hiking all of its key Interest Rates. Policymakers ignoring the warning if it is Prime Minister as they battle to defend the overnight lending rates. That was a much sharmer move thats economists have been forecasting. Also the imfs top financial counselor says the recent volatility in World Markets is due to problems in particular world countries and is not linked to the feds decision to start tapering. The imf officials argue that the fed is acting prudently. And speaking of the u. S. Central bank, fed is wrapping up its twoday meeting this afternoon. This as Ben Bernankes final meeting as chairman. That policy announcement is due at 2 00 p. M. Eastern time. Will they or wont they taper the taper . That is the question today. The u. S. Equity futures are indicated higher. In large part because of what happened in turkey overnight. You can see right now those dow futures are up by about 26 points. The s p futures up by just over 2. 5 points and the nasdaq futures
President of mexico on trumps big beautiful border wall. We will build the wall. Dont worry. Caution, you are about to enter the no spin zone. The factor begins right now. Hi, im bill oreilly. Thanks for watching us tonight. Why trump won . That is the subject of this evenings talking points memo. In the beginning, there were 17 contenders for the g. O. P. Nomination. Now, donald trump has emerged victorious. Its a given that all the republican candidates oppose the progressive policies of president obama. But what separated donald trump from the pack from his disdain for the republican establishment, a contempt that reflected the feelings of many g. O. P. Voters. One issue crystallizes that loathing. The murder of kate steinle in San Francisco by an illegal alien felon who was allow to do kill her. I addressed this on the colbert Program Monday night. 32yearold kate steinle. Do you know this story. Do i know this story. Very sad, tragic story. Out in judo square with her father, walki